Cabana Capitals Blog Technical Analysis USDCAD short term bullish trade setup to 1.3739

USDCAD short term bullish trade setup to 1.3739

April 30, 2024April 30, 2024| cabana-admincabana-admin| 0 Comment| 11:14 am
USDCAD short term bullish trade setup to 1.3739 post thumbnail image
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USDCAD is heading towards 1.3739 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Upward sloping Moving Average

Target: 1.3739 Entry: 1.3699 Stop: 1.3677

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